Canaccord Financial Inc: Canaccord Financial Inc. - normal course issuer bid
Canaccord Financial Inc. discloses transaction in own shares under normal
course issuer bid/buy-back programme and total voting rights
TORONTO, July 3, 2013 /CNW/ - Canaccord Financial Inc. (the "Company") (TSX:
CF, LSE: CF.) wishes to announce that on June 27 and 28, 2013, it purchased
46,168 of its common shares through the facilities of the TSX and alternative
trading systems in accordance with the requirements of the TSX pursuant to the
normal course issuer bid (NCIB)/buy-back programme announced on August 13,
2012.
The highest and lowest daily average price paid for the purchased shares was
$5.8030 and $5.7791 per common share respectively and the volume weighted
average price per common share was $5.7821.
The Company has so far purchased 564,504 common shares under the existing NCIB
which authorizes it to purchase up to 3,000,000 of its common shares between
August 13, 2012 and August 12, 2013.
For the purposes of the Financial Conduct Authority's Disclosure and
Transparency Rules, the Company announces that as at June 30, 2013, the total
number of common shares in issue was 103,570,194 with each share carrying the
right to one vote. The 564,504 shares purchased in the NCIB will be cancelled
but until that happens are held in treasury. The total of 103,005,690 common
shares may therefore be used by shareholders in the Company as the denominator
for the calculations by which they will determine if they are required to
notify their interest in, or a change in their interest in, the share capital
of the Company under the FCA's Disclosure and Transparency Rules.
ABOUT CANACCORD FINANCIAL INC.:
Through its principal subsidiaries, Canaccord Financial Inc. is a leading
independent, full-service financial services firm, with operations in two
principal segments of the securities industry: wealth management and global
capital markets. Since its establishment in 1950, Canaccord has been driven by
an unwavering commitment to building lasting client relationships. We achieve
this by generating value for our individual, institutional and corporate
clients through comprehensive investment solutions, brokerage services and
investment banking services. Canaccord has offices in 13 countries worldwide,
including Wealth Management offices located in Canada, Australia, the UK and
Europe. Canaccord Genuity, the international capital markets division, operates
in Canada, the US, the UK, France, Germany, Ireland, Italy, Hong Kong, mainland
China, Myanmar, Singapore, Australia and Barbados.
Canaccord Financial Inc. is publicly traded under the symbol CF on the TSX and
the symbol CF. on the London Stock Exchange.
SOURCE: Canaccord Financial Inc.
For further information:
North America media:
Scott Davidson
Executive Vice President, Global Head of Corporate Development and Strategy
Phone: 416-869-3875, email: scott.davidson@canaccord.com
For investor relations inquiries contact:
Andrea Sergautis
Manager, Investor Relations & Communications
Phone: 416-687-5507, email: andrea.sergautis@canaccord.com
London media:
Bobby Morse or Ben Romney
Buchanan (London)
Phone: +44 (0) 207 466 5000, email: bobbym@buchanan.uk.com
Broker:
Oliver Hearsey or James Kelly
RBC Europe Limited
Phone: +44 (0) 20 7653 4000, email: oliver.hearsey@rbccm.com
(CF.)
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-0- Jul/03/2013 13:00 GMT